General News
Fed’s Favored Inflation Gauge Accelerates Slightly in August
The Commerce Department reported Sept. 26 that its personal consumption expenditures price index was up 2.7% in August from a year earlier.
Canada Post Union Strikes Over Moves to End Household Mail
Four million Canadians will see their service switch from door-to-door delivery to a community mailbox model, and some post offices will be closed for good.
Daimler Truck, Traton Slide Over Trump’s Truck Tariffs
Both Daimler and Traton operate assembly sites in Mexico that may be affected by the levies.
Parts Supplier First Brands Preps for Bankruptcy With No Plan
Auto part supplier First Brands Group is preparing to enter bankruptcy with no restructuring plan in place, a sign of how quickly the company’s fortunes are unraveling, sources said.
Trump Imposes 25% Tariff on Heavy-Duty Trucks
American Trucking Associations in May voiced opposition to the prospect of the proposed truck tariffs, stressing the levies could cause financial strain for an industry already struggling.
Costco Earnings Beat Estimates on Dependable Consumer Demand
Costco Wholesale Corp. reported quarterly profit that was better than expectations, a sign that spending remains healthy as shoppers prioritize essentials and seek value.
US to Scrutinize Farm Input Suppliers on Surge in Costs
Agriculture Secretary Brooke Rollins said the U.S. will investigate suppliers of crop inputs like seeds and fertilizers for potential antitrust violations, sending share prices plunging.
Volkswagen Cuts Output, Pauses Production at German EV Plants
Volkswagen AG is curbing volume and introducing temporary shutdowns at two German factories as demand for its electric vehicles grows more slowly than predicted.
Tesla Urges US to Keep Emissions Rules Meant to Boost EVs
Tesla urged U.S. environmental regulators to maintain ambitious tailpipe emissions standards that were put in place to push the industry to sell electric vehicles in larger numbers.
Congress Gridlocked With Shutdown Deadline Days Away
Senior senators continue to negotiate terms of fiscal 2026 funding legislation on the heels of a House-passed short-term measure that would keep agencies operating through mid-November.
Volvo VNL Offers Restful Night, On-Road Performance
Volvo hosted a roughly 100-mile five-truck ride-along convoy to showcase the truck’s on-road performance and interior amenities.
Trump Says Tariff Revenue Will Fund Relief for Farmers
Export markets for crops have dried up in the wake of the president’s trade wars and federal safety-net programs have shrunk.
Amazon to Pay $2.5B to Settle Prime Subscriptions Case
Amazon will pay $1 billion in civil penalties and will refund $1.5 billion to customers to resolve allegations that it misled millions into signing up for Prime and then made it hard to cancel.
Autonomous Truck Developer Kodiak AI Goes Public
Kodiak AI went public Sept. 25 after the self-driving truck developer’s merger with special purpose acquisition company Ares Acquisition Corp. II.
Arkansas Farmers, Truckers Boosted by $5.5B Taiwan Crop Pact
Gov. Sarah Huckabee Sanders called Taiwan’s planned purchases “great news for Arkansas and especially our row crop farmers, who need all the assistance they can get right now.”
Trump’s Steel Tariffs Trigger Counterstrikes From Neighbors
Mexico, Brazil and Canada are each seeking to negotiate with the Trump administration to reduce the tariffs, but they’re also focused on blocking the rising tide of cheap Chinese supply.
Bosch to Shed 13,000 Jobs at Auto Parts Business
Several parts makers face idle capacity and are under pressure from carmakers to lower prices.
Appeals Court Keeps Yellow on the Hook for Retiree Billions
The U.S. Court of Appeals for the Third Circuit affirmed a September 2024 decision by Judge Craig Goldblatt that left Yellow on the hook for $6.5 billion in claims by the pension plans.
Units Linked to First Brands File for Bankruptcy
The development could increase pressure on First Brands, which has been considering whether to file for bankruptcy to raise a rescue loan after halting a $6 billion refinancing in August.
BP in Reversal Says Oil Demand Will Rise Through 2030
Rising consumption in emerging markets, sluggish energy efficiency gains, geopolitical tensions and the persisting use of petrochemicals all point to peak demand in 2030 at the earliest.